BHYB vs. UPGR
BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) and UPGR (Xtrackers US Green Infrastructure Select Equity ETF) are both exchange-traded funds - BHYB is a High Yield Bonds fund tracking the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross, while UPGR is a Energy Equities fund tracking the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross. Both are passively managed. Over the past year, BHYB returned 7.27% vs 73.35% for UPGR. A 0.56 correlation means they provide meaningful diversification when combined. BHYB charges 0.20%/yr vs 0.35%/yr for UPGR.
Performance
BHYB vs. UPGR - Performance Comparison
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Returns By Period
In the year-to-date period, BHYB achieves a 1.84% return, which is significantly lower than UPGR's 23.29% return.
BHYB
- 1D
- 0.16%
- 1M
- 0.50%
- YTD
- 1.84%
- 6M
- 2.25%
- 1Y
- 7.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPGR
- 1D
- 0.97%
- 1M
- 11.33%
- YTD
- 23.29%
- 6M
- 17.90%
- 1Y
- 73.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BHYB vs. UPGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 1.84% | 8.90% | 6.44% | 8.23% |
UPGR Xtrackers US Green Infrastructure Select Equity ETF | 23.29% | 35.25% | -14.72% | 22.64% |
Correlation
The correlation between BHYB and UPGR is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2023 | 0.56 |
The correlation between BHYB and UPGR has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.
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Return for Risk
BHYB vs. UPGR — Risk / Return Rank
BHYB
UPGR
BHYB vs. UPGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and Xtrackers US Green Infrastructure Select Equity ETF (UPGR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BHYB | UPGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 4.46 | -1.25 |
| Martin ratioReturn relative to average drawdown | 14.74 | 10.94 | +3.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BHYB | UPGR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.44 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.12 | 0.22 | +1.90 |
Drawdowns
BHYB vs. UPGR - Drawdown Comparison
The maximum BHYB drawdown since its inception was -4.23%, smaller than the maximum UPGR drawdown of -46.60%. Use the drawdown chart below to compare losses from any high point for BHYB and UPGR.
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Drawdown Indicators
| BHYB | UPGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -46.60% | +42.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -16.55% | +14.28% |
Current DrawdownCurrent decline from peak | -0.06% | -1.57% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -20.50% | +20.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 6.73% | -6.24% |
Volatility
BHYB vs. UPGR - Volatility Comparison
The current volatility for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is 1.02%, while Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a volatility of 10.77%. This indicates that BHYB experiences smaller price fluctuations and is considered to be less risky than UPGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHYB | UPGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 10.77% | -9.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 20.38% | -17.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 30.23% | -26.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 30.49% | -25.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 30.49% | -25.79% |
BHYB vs. UPGR - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is lower than UPGR's 0.35% expense ratio.
Dividends
BHYB vs. UPGR - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 6.32%, more than UPGR's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 6.32% | 6.57% | 7.04% | 0.75% |
UPGR Xtrackers US Green Infrastructure Select Equity ETF | 0.27% | 0.39% | 1.16% | 0.32% |
Frequently Asked Questions
BHYB and UPGR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPGR has higher volatility (10.77%) compared to BHYB (1.02%). In terms of maximum drawdown, BHYB dropped -4.23% vs UPGR's -46.60%.
On 1-year performance, UPGR leads with 73.35% vs 7.27% for BHYB. On fees, BHYB is cheaper at 0.20% per year. On volatility, BHYB has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UPGR has performed better with a 73.35% return vs 7.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BHYB is cheaper with a 0.20% expense ratio, compared with 0.35% for UPGR.
BHYB has the higher dividend yield at 6.32%, compared with 0.27% for UPGR.
BHYB is categorized as High Yield Bonds, while UPGR is Energy Equities. BHYB tracks ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross, while UPGR tracks Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross. Their fees differ too: 0.20% for BHYB and 0.35% for UPGR.
UPGR currently has the higher Sharpe Ratio (2.44 vs 2.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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